The tax cuts and entitlement program expansions of the 1980s led to such ________ federal deficits in the 1990s that fiscal policy ________ for smoothing-out business cycle fluctuations
A) small, again became the preferred tool
B) small, was all but abandoned
C) large, again became the preferred tool
D) large, was all but abandoned
D
Economics
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The theory of regulatory behavior that predicts that the "regulators" eventually will become controlled by the "regulated" is called
A) the capture hypothesis. B) the the share-the-gains, share-the-pains hypothesis. C) the asymmetric information hypothesis. D) the market failure hypothesis.
Economics
The U.S. dollar is backed by gold
a. True b. False Indicate whether the statement is true or false
Economics